SK Hynix Pops 13% on First Nasdaq Trade—Attention Turns to 15.5% Seoul Premium Next Week

SK hynix Inc. wrapped up its U.S. debut at $168.01, up 12.8% from the $149 offer price. What stands out for Monday is that’s a 15.5% premium to what the chipmaker’s Seoul shares and Friday’s FX rate would suggest.

AI stocks clear $26.5 billion test, memory chip trade now in focus

AI stocks clear $26.5 billion test, memory chip trade now in focus

AI names wrapped up a volatile week, with the standout move tied to a big share sale rather than any earnings news. SK Hynix pulled in $26.5 billion after demand topped supply by over seven times. Its American depositary receipts—U.S. certificates for overseas shares—ended Friday at $168.01, up 12.8% from the $149 offering price. Nasdaq Composite rose 1.7% this week while the S&P 500 added 1.2%.
SK Hynix’s $26.5 Billion Nasdaq Debut Reveals the Hidden Price Investors Pay for Access

SK Hynix’s $26.5 Billion Nasdaq Debut Reveals the Hidden Price Investors Pay for Access

SK hynix Inc. attracted filings from at least 10 fund managers for leveraged or inverse single-stock exchange-traded funds before its first U.S. trade, after pricing a $26.5 billion sale of American depositary receipts, or ADRs — U.S.-traded certificates representing foreign shares — at $149. The price was 2.7% above the three-day average for its Seoul shares; underwriters earned nearly $260 million, or 0.97% of the proceeds.

US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong buy

Alphabet

Shares of Alphabet (NASDAQ:GOOGL) 91/100 • ★★★★½
#2 Strong buy

Taiwan Semiconductor Manufacturing

TSMC (NYSE:TSM) 90/100 • ★★★★½
#3 Strong buy

Amazon

Amazon (NASDAQ:AMZN) 88/100 • ★★★★½
#4 Buy

Microsoft

Microsoft (NASDAQ:MSFT) 86/100 • ★★★★
#5 Buy

Visa

Visa (NYSE:V) 83/100 • ★★★★
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Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Walmart earnings

Walmart has the potential to influence outlooks on U.S. consumer strength, grocery inflation, discretionary spending, and retail profit margins.

#2

8:30 ET macro cluster

Jobless claims and the Philadelphia Fed survey often influence Treasury yields, the US dollar, and equity index futures ahead of the market open.

#3

Deere earnings

Outlooks for large agriculture demand and construction equipment are key indicators for industrial cyclicals and the broader farm economy.

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Times and estimates may change. Verify before trading.